Long Term Capital Gains Tax 2024 Married Jointly. The rates are 0%, 15% or 20%, depending on taxable income and filing status. If the home is jointly owned and the sale triggers capital gains, each spouse is eligible for a $250,000 tax exemption on their share of the gain ($500,000 if they file jointly).

The benefit is in how much gain you’re shielding from the dreaded 15% long term capital gains rates. How much you owe depends on your annual taxable income.